Question
You make $5,400 annual deposits into a retirement account that pays 10.5 percent interest compounded monthly. Required: How large will your account balance be in
| You make $5,400 annual deposits into a retirement account that pays 10.5 percent interest compounded monthly. |
| Required: |
| How large will your account balance be in 30 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
| Account balance in 30 years________________________ | $ |
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Contemporary Quantitative Finance
Authors: Carl Chiarella, Alexander Novikov
2010th Edition
3642034780, 978-3642034787
